Benjamin F. Edwards & Company Inc. boosted its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 319.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,896 shares of the construction company’s stock after purchasing an additional 18,962 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fluor Co. (NEW) were worth $476,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FLR. TRUE Private Wealth Advisors acquired a new position in Fluor Co. (NEW) during the 2nd quarter valued at $35,000. Quadrant Capital Group LLC raised its stake in shares of Fluor Co. (NEW) by 126.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,485 shares of the construction company’s stock valued at $45,000 after buying an additional 1,390 shares in the last quarter. NuWave Investment Management LLC raised its stake in shares of Fluor Co. (NEW) by 393.9% in the 3rd quarter. NuWave Investment Management LLC now owns 3,067 shares of the construction company’s stock valued at $55,000 after buying an additional 2,446 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Fluor Co. (NEW) in the 2nd quarter valued at $64,000. Finally, Coastal Investment Advisors Inc. raised its stake in shares of Fluor Co. (NEW) by 674.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,904 shares of the construction company’s stock valued at $65,000 after buying an additional 1,658 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

FLR opened at $17.85 on Thursday. The firm’s 50-day simple moving average is $18.79 and its 200-day simple moving average is $25.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.38. Fluor Co. has a twelve month low of $16.00 and a twelve month high of $46.97. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 8.30 and a beta of 2.17.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Fluor Co. (NEW)’s payout ratio is 39.07%.

A number of brokerages have recently issued reports on FLR. Citigroup dropped their price objective on shares of Fluor Co. (NEW) from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays restated a “hold” rating and issued a $28.00 price objective on shares of Fluor Co. (NEW) in a research note on Sunday, August 4th. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, August 22nd. TheStreet cut shares of Fluor Co. (NEW) from a “c” rating to a “d+” rating in a research note on Friday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of Fluor Co. (NEW) in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Fluor Co. (NEW) currently has a consensus rating of “Hold” and an average price target of $27.70.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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